Libya's CBL demands UN Secretary-General to review and correct a UN report

Libya's CBL demands UN Secretary-General to review and correct a UN report

February 13, 2020 - 14:23
Posted in:
Written By: SafaAlharathy

The Governor of the Central Bank of Libya (CBL), Saddek Elkaber addressed a letter to the Secretary-General, Antonio Guterres, in response to a UN report, in which it accused Libya's CBL of lack of transparency, regarding who has the right to obtain the taxable price against the official price.

ElKaber affirmed in his letter his full commitment to implement the Presidential Council’s (PC) decision regarding imposing a sales fee on foreign exchange for personal and commercial purposes.

"The CBL is not authorized to grant an exception in obtaining people the taxable price against the official price," the letter reads, noting that this exception is confined solely to the PC.

He also denied selling foreign exchange to common people at the official price, which is not subject to the fee, noting that this excludes the allocations for heads of families upon the PC decree.

"The CBL is committed to publishing a monthly statement with respect to revenues and expenses, including revenues of the fees levied on foreign exchange," the CBL head added.

Elkaber concluded his letter by expressing hope that the report would be reviewed and corrected, confirming his readiness to answer all inquiries.